Brief: Wireless Telecom Group Posts Q3 Loss Per Share Of $0.02

Wireless Telecom

14/11/2019 11:41

Nov 14 (Reuters) - Wireless Telecom Group Inc  WTT.A :
    * WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER 2019
FINANCIAL
RESULTS
    * Q3 LOSS PER SHARE $0.02
    * SEES FY 2019 REVENUE $49 MILLION TO $50 MILLION
    * Q3 REVENUE $10.81 MILLION VERSUS $14.02 MILLION
    * 2019 REVENUE GUIDANCE REVISED TO $49-50 MILLION, EXCLUDING
ACQUISITIONS
    * REMAINS COMMITTED TO LONG TERM GROWTH TARGET OF $100
MILLION BY
2023
    * WIRELESS TELECOM GROUP - NEW 5G OPPORTUNITIES INCLUDE
SOLUTIONS
CO EXPECTS WILL INCLUDE HIGHER MARGIN SOFTWARE SALES IN EMBEDDED
SOLUTIONS SEGMENT
    * EXPECT CONTRACT DECISIONS 5G OPPORTUNITIES IN 2020
    * WIRELESS TELECOM GROUP - EXPECTED REVENUE RAMP FROM 5G
INITIATIVES NOT FAST ENOUGH TO OFFSET DELAYS & PUSHES IN OTHER
PROJECT TIMING THIS LATE IN 2019

Source text for Eikon:  ID:nBw91cYpKa 
Further company coverage:  WTT.A 

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